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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2604 4th St Detroit, MI 48201-2546

    • Office buildings
    • 12,084 SF
    • 0.20 lot acres
    OFF-MARKET
    Value Estimations
    $675,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-1113704
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Office buildings

    Property Details for 2604 4th St

    Year built
    1930
    Lot size
    0.20 lot acres
    Property size
    12,084 SF
    Zone code
    B4
    Property type
    Office buildings
    APN
    04003690.
    APU
    4003690

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $676,000
      Market price range: $307k - $1.23M
      AI Estimate
      $674,000
      Market price range: $316k - $1.23M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $745,000
      Current use
      COMMERCIAL (GENERAL)
      $1,105,000
      Change: +48% Conversion: Easy
      RESTAURANT
      $1,100,000
      Change: +48% Conversion: Moderate
      NEIGHBORHOOD: SHOPPING CENTER
      $915,000
      Change: +23% Conversion: Difficult
      RETAIL STORES
      $835,000
      Change: +12% Conversion: Moderate
      MEDICAL BUILDING
      $760,000
      Change: +2% Conversion: Easy
      AUTO REPAIR, GARAGE
      $730,000
      Change: -2% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.0627
    Latitude
    42.3384
    CBSA code
    19820
    CBSA name
    DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2020
    $16,616
    $0.00
    $0.00
    $260,600
    -
    $0.00
    $0.00
    $521,200

    Comparable in this City

    • Value Estimation
      $1,125,000
      18,290 SF

      4811 2nd Ave

      OFFICE BUILDING • 18,290 SF
      4811 2nd Ave, Detroit, MI 48201-1227
      View Details
    • Value Estimation
      $1,965,000
      31,918 SF

      79 Alexandrine St

      OFFICE BUILDING • 31,918 SF
      79 Alexandrine St, Detroit, MI 48201-2015
      View Details
    • Value Estimation
      $4,945,000
      80,378 SF

      429 Canfield St

      OFFICE BUILDING • 80,378 SF
      429 Canfield St, Detroit, MI 48201
      View Details
    • Value Estimation
      $1,215,000
      11,938 SF

      479 Ledyard St

      OFFICE BUILDING • 11,938 SF
      479 Ledyard St, Detroit, MI 48201-2641
      View Details
    • Value Estimation
      $23,625,000
      383,900 SF

      91 Selden St

      OFFICE BUILDING • 383,900 SF
      91 Selden St, Detroit, MI 48201-2003
      View Details
    • Value Estimation
      $23,940,000
      235,468 SF

      2125 Woodward Ave

      OFFICE BUILDING • 235,468 SF
      2125 Woodward Ave, Detroit, MI 48201-3469
      View Details

    Similar Nearby for Sale

    • $9,750,000
      247,869 SF

      Midtown Detroit Office Building

      Five-story office building in Midtown Detroit with redevelopment potential.
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    • $1,100,000
      3,435 SF

      Detroit Mixed-Use Redevelopment Opportunity

      3,435 SF property on 0.44 acres in evolving Detroit neighborhood.
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    • $2,500,000

      Redevelopment Opportunity in Midtown Neighborhood

      Redevelopment opportunity near District Detroit Development and DMC Hospital.
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    • $350,000

      Renovated Office Space in Midtown

      3,453 SF fully renovated, furnished office space for sale/lease.
      111 W Willis St, Detroit, MI 48201
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    • Contact for pricing
      33,480 SF

      Historic Iodent Loft Building Investment

      Mixed-use building with residential, office, and retail spaces in Detroit.
      2233 Park Ave, Detroit, MI 48201
      View Details
    • $1,200,000
      0.11 Acres

      Downtown Detroit Development Land

      Prime Commercial Lot, B4 Zoning, $1.2M
      2712 Cass Ave, Detroit, MI 48201
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      11,118 SF

      Midtown Detroit Medical Office Space

      Prime Woodward Ave location, 11,118 SF, 62 parking spaces.
      4612 Woodward Ave, Detroit, MI 48201
      View Details
    • $12,500 /Mo

      Former Medical Center for Rent

      10,000 SF former medical center with many exam rooms.
      60 E Warren Ave, Detroit, MI 48201
      View Details
    • Contact for pricing

      Detroit Office Space Available

      Office space available for rent at 3663 Woodward Avenue.
      3663 Woodward Ave, Detroit, MI 48201
      View Details
    • Contact for pricing
      12,456 SF

      Freestanding Retail/Office Building in Detroit

      12,456 SF retail/office building in Central Business District.
      478 W Columbia St, Detroit, MI 48201
      View Details
    • $28 SF/Yr
      155,000 SF

      Studio One Retail Space Available

      Detroit Office/Retail Space, 2,121-4,243 SF
      4501 Woodward Ave, Detroit, MI 48201
      View Details
    • $25 SF/Yr
      11,810 SF

      Furnished Office Space Available Now

      High-end, fully furnished office space ready for immediate occupancy.
      52 Henry St, Detroit, MI 48201
      View Details
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    Detroit, MI 48201-2546
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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